LinkedIn Shines the Spotlight on top 10 Nigerian Startups that are still waxing strong in 2022.
A list of 10 promising Nigerian startups that are overcoming the current obstacles and garnering attention in 2022 has been released by the world’s largest professional networking site, LinkedIn.
This list’s main objective is to be a resource for job searchers who are willing to work for a cutting-edge startup, make a major contribution to solving important problems, and advance their careers.
Employee growth, jobseeker interest, member involvement within the company and its employees, and how successfully these startups drew talent from their flagship LinkedIn Top Companies list, according to LinkedIn, were the four pillars on which data were reviewed for the production of this ranking.
Application procedure
According to LinkedIn, in order to qualify, startups must be totally autonomous, privately held businesses with at least 30 full-time employees. They must have their headquarters listed on the nation’s list and be no older than 8 years old.
The following are not included: staffing companies, think tanks, legal firms, venture capital firms, management and IT consulting firms, nonprofit and philanthropic organizations, accelerators, and government-owned businesses.
Also disqualified are Nigerian startups that have fired 20% or more of their employees or more during the chosen time range.
Nigeria’s Top 10 Startups on LinkedIn
1. Bundle Africa
A social payment startup for bitcoin and cash transactions is called Bundle Africa. The business promotes the usage of cryptocurrencies across the continent by making it more enjoyable, accessible, and inclusive for Africans.
Yele Bademosi, the creator of Microtraction and a previous director of Binance Labs, and Emmanuel Babalola served as the company’s founding members. Lagos serves as the organization’s main office.
According to LinkedIn, the Nigerian startup presently has 60 employees. Among the most important employment functions for the organization are engineering, customer service, and support.
2. Utiva
In order to equip people with technological knowledge, Eyitayo Ogunmola launched the educational technology business Utiva in 2017. It offers training services to important startups and companies in order to engage with and hire talent from the platform and among Africans.
Utiva develops IT talent through live, online classes taught by knowledgeable educators in subjects including data analysis, product management, digital marketing, artificial intelligence, and UI/UX design. The firm was chosen as one of the $3 million Community Accelerator Winners for Facebook in 2021.
The firm presently employs 55 full-time workers, 55 of whom work in information technology, marketing, and engineering, according to LinkedIn.
3. Okra
According to its description, Okra is an API “super-connector” that creates a secure platform and process for exchanging real-time financial information between clients, programs, and institutions.
In June 2019, Fara Ashiru Jituboh and David Peterside founded Okra, which offers developers and businesses API interfaces into current banking systems in exchange for commissions on subsequent transactions. The business claims to have tallied over 150,000 live API calls and a 281% average month-to-month increase in API calls.
The Nigerian firm presently has 50 full-time employees, and according to LinkedIn, leadership, web development, and digital literacy are the most crucial skills for employment there.
4. Moove
Ladi Delano and Jide Odunsi launched the finance business Moove in the year 2020. Moove specializes in mobility. It provides mobility entrepreneurs in the ride-hailing, logistics, mass transit, and fast delivery platforms with financial services and revenue-based car finance.
In just two years, the mobility startup has raised a combined $174.5 million in debt and equity financing. It is present in six African cities, including Nairobi, Lagos, Accra, Johannesburg, and Cape Town. Additionally, it stated that more than 3 million rides totaling more than 25 million kilometers had been accomplished by its consumers.
The Nigerian firm Moove has 425 full-time employees as of right now, most of them are employed in operations, customer success and support, and engineering, according to LinkedIn.
5. CowryWise
Cowrywise is a mutual fund investment and savings platform for individuals and businesses throughout Nigeria. It was founded in 2017 by Razaq Ahmed and Edward Popoola.
After beginning as a savings platform akin to PiggyVest, Cowrywise has turned its emphasis to addressing the issue of millions of Nigerians being unable to access reliable investment alternatives due to the focus on top earnings. According to Cowrywise, it has up to 220,000 registered users and aims to reach 10 million users by 2025.
The firm has improved the appeal of investment options for the typical Nigerian who seeks the best interest rates on all of their assets by offering inexpensive interest rates. Traditional banks typically impose hefty rates, thereby excluding a sizable section of Nigerians who are underserved.
The majority of the 45 full-time staff members of the platform, according to LinkedIn, are employed in sales, engineering, the creative industries, and design.
6. Bamboo
A digital investment platform called Bamboo provides Africans with wise investment possibilities to support long-term wealth building. Yanmo Omorogbe and Richmond Bassey launched it in 2019.
Additionally, the app offers guides for basic investment techniques.
According to LinkedIn, the firm presently has 75 employees, and some of the job duties include marketing, customer success and support, arts and design, etc.
7. Nomba
Adeyinka Adewale and Pelumi Aboluwarin established Nomba in 2017, rebranding as Kudi. In 2017, the business began as a chatbot primarily intended to streamline payments.
Nomba has developed into an omnichannel payment platform that provides solutions to let companies send and receive payments fast. With more than 500,000 unique transactions every day and an onboarding pace of more than 10,000 new businesses per month, Nomba presently handles over $16 million in payments daily.
Engineering, operations, and sales are among the largest job divisions at the Nigerian business, which has 235 full-time employees as of this writing, according to LinkedIn.
8. Team Apt
By creating banking, credit, and management solutions for diverse company needs, Tosin Eniolorunda’s fintech startup TeamApt focuses on creating and running infrastructure for African banks, businesses, and individuals to handle their money. According to the firm, it provides services to 26 financial institutions and processes $160 million in transactions each month.
Perhaps its biggest success is Moniepoint, a banking channel for agencies that was introduced last year. The unbanked can access financial services like cash withdrawal, cash deposit, funds transfer, airtime purchase, and bill payment through Moniepoint agents’ use of mobile apps and point-of-sale terminals.
According to LinkedIn, the Nigerian firm employs 250 full-time workers, and some of the most crucial employment roles include engineering, customer success and support, and information technology.
9. Prospa
Using a suite of features like loans, bookkeeping, and spending tools, Prospa is a fintech/digital banking solution that provides an operating system for small to medium-sized businesses.
In 2019, Frederik Obasi, Chioma Ugo, and Rodney Jackson-Cole started the startup, which now has 70 full-time employees. According to LinkedIn, business development, engineering, and marketing have some of the most important job functions.
10. PiggyVest
Joshua Chibueze, Odunayo Eweniyi, and Somto Ifezue founded the company in 2016. PiggyVest is an online investing and saving platform that gives Nigerians the chance to save money and make reasonable investments that support wealth building and preservation.
Customer success and support, sales, and finance are some of the most crucial job areas for the Nigerian firm, which now has 105 full-time employees.
